ETF Debuts in July Hit 2024 High as Assets Climb

ETF openings in July reached a year-to-date peak, while closures remained low amid record inflows.

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DJ
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Finance Reporter
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Reviewed by: etf.com Staff
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Edited by: James Rubin

Exchange-traded fund starts in July reached a 2024 monthly high while closures remained low—the latest evidence of issuers efforts to address surging demand for these investments.  

A full 58 new ETFs entered the market during the month, while just 11 funds shuttered, according to etf.com data. This brings the total number of ETF launches in 2024 to 332, continuing the industry’s expansion.

Click chart for full list of openings:

July ETF launches

The gap between openings and closures underscores investors' appetite for products that can address their specific interests and thresholds for risk. Year-to-date, 332 funds have debuted, while only 124 ETFs have closed. 

The increase in ETF offerings aligns with record-breaking inflows. U.S.-listed ETFs attracted $125.5 billion in new money during July, one of the largest monthly inflows on record. This pushed year-to-date inflows to $531.8 billion, putting the industry on pace to potentially exceed $1 trillion in annual inflows for the first time.

Read More: Monster July Inflows Put ETFs on Track for $1T Year

Spot Ethereum Funds Begin Trading

July’s debuts included several cryptocurrency-related funds, including the Grayscale Ethereum Trust (ETHE) and the iShares Ethereum Trust (ETHA), underscoring the soaring interest in digital asset exposure through traditional investment vehicles. ETHE and ETHA are based on the spot price of ether, the token of the Ethereum blockchain. 

Fixed income stalwart, the  IShares Broad USD High Yield Corporate Bond ETF (USHY) drew $2.8 billion in inflows, the only bond ETF in the top 10 for July inflows.

While equity and fixed income ETFs led the way, new funds like the KraneShares Artificial Intelligence & Technology ETF (AGIX) and the IShares U.S. Manufacturing ETF (MADE) showed issuers targeting specific sectors and trends through thematic offerings.

To be sure, not all the funds increased their assets. In its first eight trading days, ETHE outflows have totaled more than $2 billion in outflows, according to Farside Investors. The fund differs from eight other spot Ethereum ETFs that began trading July 23 in that it is a conversion from an existing trust and carries the highest fee among the fledgling products, 2.5%. 

ETF assets under management reached $9.4 trillion by the end of July, a new high fueled by both inflows and market gains, according to etf.com data. 
 

A graduate of The University of Texas, Arlington with a BA in Communications, DJ has covered retirement plans, mortgage news, and financial advisor trends. His background includes producing daily content, managing newsletters, and engaging with industry experts. DJ is excited to contribute to ETF coverage and learn more about the $10-trillion-dollar ETF industry. Outside of work, he enjoys exploring New York City's food scene, anime, and video games.